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KfW Start-up Report 2020

News from 2020-10-09 / KfW Research

Number of start-ups in Germany was steady at 70,000 in 2019 – impact of the coronavirus crisis is uncertain

The number of innovation- or growth-driven young enterprises in Germany has stabilised. After rising in 2017 and 2018, the number of start-ups stayed at 70,000 in 2019. It is uncertain how the coronavirus crisis will impact the development of start-ups in 2020. More businesses will close their doors and there will be fewer start-ups, probably leading to more internet-based and digital business models. One fifth of start-up founders plan to employ venture capital to finance their future growth. That is twice as many as in the previous year. The appetite for VC is growing.

KfW Start-up Report 2020  (PDF, 531 KB, non-accessible)


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Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

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